Alphatec Holdings (ATEC) Has a New Rating from Jefferies

Alphatec Holdings (ATECResearch Report) received a Buy rating and a $12.00 price target from Jefferies analyst Matthew Taylor today. The company’s shares closed yesterday at $9.72.

Taylor covers the Healthcare sector, focusing on stocks such as Abbott Labs, Alphatec Holdings, and Baxter International. According to TipRanks, Taylor has an average return of 11.7% and a 62.13% success rate on recommended stocks.

Alphatec Holdings has an analyst consensus of Strong Buy, with a price target consensus of $13.81, which is a 42.08% upside from current levels. In a report released yesterday, Morgan Stanley also maintained a Buy rating on the stock with a $15.00 price target.

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ATEC market cap is currently $1.02B and has a P/E ratio of -5.97.

Based on the recent corporate insider activity of 79 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ATEC in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Alphatec Holdings, Inc. engages in the design, development, and marketing of spinal fusion technology products and solutions for the treatment of spinal disorders. It offers intra-operative information and neuromonitoring technologies, access systems, interbody implants, fixation systems, and various biologics offerings. The company was founded on March 4, 2005 and is headquartered in Carlsbad, CA.

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